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07-21-2020, 11:17 AM #11
- Join Date
- Aug 2016
- Posts
- 486
Reminds me of an old English proverb.
"Too many cooks spoil the broth."
I guess the cooks would be the broker, iso, funder. The broth would be the deposit made into the merchants bank account. The merchant would be the guy choking at the table. Choking on those repayment draft and that the business could not afford.
The fact that there is an old proverb that can be loosely applied to this situation means that this type of stuff has been going on for ages in some form or fashion. The MCA space is not immune to the "If you are buying, I'm selling" mind set. And there in lies the rub,,, and where regulation steps in, to sometimed prevent the buying and selling.. Because we all know human nature when left unchecked... You "educate" the buyer and still sell them the deal right?
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